EX-12.1 5 a2202983zex-12_1.htm EX-12.1
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Exhibit 12.1

Statement of
Computation of Ratio of Earnings to Fixed Charges

 
  Fiscal Year Ended  
 
  12/26/2010   12/27/2009   12/28/2008   12/31/2007   12/31/2006  

Earnings:

                               

Pre-tax income from continuing operations

  $ 1.9   $ (37.3 ) $ (104.7 ) $ (25.9 ) $ (26.7 )

Add: Fixed Charges adjusted for capitalized interest

    24.6     13.0     12.5     3.0     3.2  
                       

Total

  $ 26.5   $ (24.3 ) $ (92.2 ) $ (22.9 ) $ (23.5 )
                       

Fixed Charges:

                               

Interest expense on debt and amortization of deferred financing costs

  $ 22.4   $ 10.6   $ 10.4   $ 1.6   $ 1.9  

Capitalized interest

                     

Estimate of interest in rent expense(1)

    2.2     2.4     2.1     1.4     1.3  
                       

Total

  $ 24.6   $ 13.0   $ 12.5   $ 3.0   $ 3.2  
                       

Ratio of earnings to fixed charges

    1.1     N/A     N/A     N/A     N/A  

Deficiency of earnings to fixed charges

    N/A   $ (37.3 ) $ (104.7 ) $ (25.9 ) $ (26.7 )

(1)
The interest component of rent was estimated to be one-third of net rental expense, which we believe is representative of the interest factor.



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Statement of Computation of Ratio of Earnings to Fixed Charges